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Tolberti
Jul 18, 2022 3:18 PM

Marlin POND - Very bullish pattern! +150% in few days + Triangle Long

BINANCE:PONDUSDT1D
POND / TetherUSBinance

Description

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  • This altcoins has an amazing trade setup for bulls!
  • On the daily chart we can see an ascending triangle, the most bullish chart pattern and we are close to a breakout.
  • As per my Elliott waves analysis, the impulse (5-3-5-3-5) has been completed, so we can expect an ABC retracement now.
  • On the log scale the price is printing an descending channel and this is a nice profit target for our trade.
  • This will be a quick trade that can take just a few days.
  • You can buy a breakout above the triangle, If you want to increase the probability of success.
  • Look at my ideas about interesting altcoins in the related section down below ↓
  • For more ideas please hit "Like" and "Follow"!
Support and ResistanceVolumeElliott WavePONDUSDTPONDBTCpondusdDescending ChannelFalling WedgeAscending TriangleBearish Trend LineBullish RectangleZigzag
Comments
Amedeo95
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Is This Idea is still Valid ?
Tolberti
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@Amedeo95, The breakout was weak. I recommended selling this coin in my premium channel.
Amedeo95
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@Tolberti, sir It looks like the trend is turning right now, Can we enter again ? Please advice
Tolberti
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@Amedeo95, No, rather buy GLM.
Hamidoo5005
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hello I am catching you little bit late ..Did you just update [pond usdt] with break out above the triangle ? is this trade still active and we can go with ??

I am buying on break out above the triangle near by 0.014 usdt and sell by 0.019
or should I go with 0.03 ?
pettee075
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what u think.. we can pass 0.2?
Tolberti
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@pettee075, Yes, i hope so.
pettee075
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top of the channel? 150% of 0.012 ain't 0.019 ? on 0.03 take profit? great t.a as always. 🤙👍
Tolberti
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@pettee075, It automatically fills the target - 0.019. But yeah, take profit at 0.030 - 0.031. Thank you.
pettee075
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@Tolberti can pond hit 0.03 short time?
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